Protection of Assets - Security Management
ASIS Exam UPDATED ACTUAL Exam
Questions and CORRECT Answers
The following three topics can help communicate an organization's strategy? - CORRECT
ANSWER Vision
mission
objectives
1.2.2
To meet its objectives and implement a strategy, a business must pay attention to its primary
resource. That is? - CORRECT ANSWER It's people
1.3
After employees, what is an organization's second most valuable resource? - CORRECT
ANSWER Corporate knowledge.
1.3.2
The basis of financial management is understanding....... - CORRECT ANSWER the
accounting principles generate financial reports.
2
A company has two options if it wishes to improve margins, they are? - CORRECT
ANSWER Reduce costs or increase the price of its product or service.
2.1
There are three financial reports or statements that have become accepted as the standard, those
are? - CORRECT ANSWER The income statement
balance sheet
,statement of cash flows
2.2
What is GAAP? - CORRECT ANSWER General accepted accounting principles
2.2
What does an income statement tell? - CORRECT ANSWER How much money an
organization generates (revenue),
how much it spends (expenses),
the difference between those figures (net income)
2.2.1
Net income equals - CORRECT ANSWER revenue minus expenses
Expenses are typically grouped into several categories, Five of those are? - CORRECT
ANSWER Cost of goods sold,
sales and marketing,
administrative,
interest,
taxes,
2.2.1
What is a balance sheet? - CORRECT ANSWER A balance sheet summarizes an
organization's investing and financing
2.2.2
, What is an asset? - CORRECT ANSWER Anything that a company owns or has title of, that
may provide a future economic benefit.
2.2.2
What are liabilities? - CORRECT ANSWER An organizations financial commitments
2.2.2
What is shareholder equity? - CORRECT ANSWER The amount of ownership allocated to
shareholders.
2.2.2
Accounts Payable - CORRECT ANSWER Accounts on which an organization owes money.
2.2.2
What is a cash flow statement? - CORRECT ANSWER A document that provides insight into
how cash inflows and outflows affect an organization.
2.2.3
A cash flow statement shows three items. They are? - CORRECT ANSWER Net operating
cash flow,
net investing cash flow,
financing cash flow.
2.2.3
Profitability Ratios - CORRECT ANSWER aid in quantifying an organization's ability to
generate income beyond covering expenses.
2.3.1
Profit margins reflect? - CORRECT ANSWER A company's profitability.
ASIS Exam UPDATED ACTUAL Exam
Questions and CORRECT Answers
The following three topics can help communicate an organization's strategy? - CORRECT
ANSWER Vision
mission
objectives
1.2.2
To meet its objectives and implement a strategy, a business must pay attention to its primary
resource. That is? - CORRECT ANSWER It's people
1.3
After employees, what is an organization's second most valuable resource? - CORRECT
ANSWER Corporate knowledge.
1.3.2
The basis of financial management is understanding....... - CORRECT ANSWER the
accounting principles generate financial reports.
2
A company has two options if it wishes to improve margins, they are? - CORRECT
ANSWER Reduce costs or increase the price of its product or service.
2.1
There are three financial reports or statements that have become accepted as the standard, those
are? - CORRECT ANSWER The income statement
balance sheet
,statement of cash flows
2.2
What is GAAP? - CORRECT ANSWER General accepted accounting principles
2.2
What does an income statement tell? - CORRECT ANSWER How much money an
organization generates (revenue),
how much it spends (expenses),
the difference between those figures (net income)
2.2.1
Net income equals - CORRECT ANSWER revenue minus expenses
Expenses are typically grouped into several categories, Five of those are? - CORRECT
ANSWER Cost of goods sold,
sales and marketing,
administrative,
interest,
taxes,
2.2.1
What is a balance sheet? - CORRECT ANSWER A balance sheet summarizes an
organization's investing and financing
2.2.2
, What is an asset? - CORRECT ANSWER Anything that a company owns or has title of, that
may provide a future economic benefit.
2.2.2
What are liabilities? - CORRECT ANSWER An organizations financial commitments
2.2.2
What is shareholder equity? - CORRECT ANSWER The amount of ownership allocated to
shareholders.
2.2.2
Accounts Payable - CORRECT ANSWER Accounts on which an organization owes money.
2.2.2
What is a cash flow statement? - CORRECT ANSWER A document that provides insight into
how cash inflows and outflows affect an organization.
2.2.3
A cash flow statement shows three items. They are? - CORRECT ANSWER Net operating
cash flow,
net investing cash flow,
financing cash flow.
2.2.3
Profitability Ratios - CORRECT ANSWER aid in quantifying an organization's ability to
generate income beyond covering expenses.
2.3.1
Profit margins reflect? - CORRECT ANSWER A company's profitability.
